The Enterprise Group and Internal Capital Market in Vietnam

本研究的目的首先是认识越南金融体系的现状和存在的问题，更具体地说是分析国内资本市场在传统上存在于社会主义经济体系中的企业集团中的作用和机制，但最近随着金融机构的重组而进入更大规模的企业集团。通过实证研究，我们得出结论：越南现行体制仍然是以国有部门为导向的，企业集团内部的资本分配机制对其具有支撑作用。

The purposes of this research are firstly to recognize the present situation and problems of the financial system in Vietnam, more specifically to analyze the function and the mechanism of the internal capital market in the enterprise groups which had traditionally existed in the socialist economy system, but recently have been reorganized into the larger scale with a financial institution. By the empirical approach we have reached to the results that the present Vietnamese system is still state owned sector oriented, moreover the mechanism of the capital distribution inside the enterprise group has a function to support it.